💨 Abstract

The US imposing high reciprocal tariffs on competing nations may lead to increased dumping in India, affecting certain sectors such as gems and jewellery, according to CareEdge Ratings. The impact is expected to be largely neutral for electronics, textiles, agricultural products, chemicals, and automobiles and parts, while pharmaceuticals are exempt. The US reciprocal tariff on India is 26%, higher than several of India's major competitors.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖